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. how much money as the port authority gone through and how much are they overbudget? >> originally in the first month after 9/11, when the port authority had a first financial where they put out, they said we are not going to have to pay the cost of this in rebuilding. and they said that we are going to get all of this money for the federal government. do not worry. ten years later, they had borrowed nearly a billion dollars. after the storm, they thought they were getting all this free money from washington and they didn't spend it very well. >> all right, why is the port authority involved in the first place? are they supposed to run the bridges and tunnels and transportation? i don't get it. >> one of the things about the port authority is it is a bistate agency. new york and new jersey governors run. what they have done is use it as a slush fund, kind of off the books government. voters don't really have any say in it. they collect all of their money. the tolls just went up and all of the hudson river crossing the port authority controls. it is now $13 to go across the george w
. the port of new york and new jersey, most of it is on the new jersey side is the mega port of the east coast. 250,000 jobs, 25 billion to $30 billion of economic activity for the nation suffered widespread damage. ships were unloading during the course of the storm, b a full recovery from the damage caused on theorts will take much longer. the storm surge grew to 14 feet, winds were about 90 miles per ho, pore than 700 cargo containers were damaged when the surge and high winds toppled the containers on to another. in thispicture, you can see half of the rt authority barge was lifted on to a berth in red ho hook. in jersey cy, a float was used to move railroad cars broke in half. 150 feet of railroad track was washed away. cargo handling cranes and other pieces of equipment were severely damaged. this is also important to national security issues, in the last background, the only port in bayonne, new jersey was closed, so the use of commercial port for forward projection for the east coast is the port of new york and new jersey. when it cannot operate, it's part of a national security
. this is the looming port strike threatening to shut ports from boston, miami and beyond. florida governor rick scott telling the media a strike will be devastating to his state's economy. governor's right but it's an entire nation about to get slammed. brent is the president of miller and long construction. we import -- we pointed out somewhere around 65% of international trade hits the ports. we import cars, we import produce, we import oil and gas. explain how this will affect the prices for people watching right now of everything. >> well, it will be very significant in a lot of ways. we're talking about eleven ports, basically from boston pretty much all the way around to houston. the reason governor scott is concerned is there are four ports in florida that will be affected. this is containerized shipping. electronic goods, food stuff and things like that. it could be massive impact, especially in this -- we had retailers getting trouble getting back on track. it will affect everybody's pocketbook eventually. >> eric: tell us how it trickles down to the consumer. >> basically everything will be
that could shut down some of the country's busiest ports. we'll show how it could impact you. ?o [ female announcer ] what if the next big thing, isn't a thing at all? it's lots of things. all waking up. ♪ becoming part of the global phenomenon we call the internet of everything. ♪ trees will talk to networks will talk to scientists about climate change. cars will talk to road sensors will talk to stoplights about traffic efficiency. the ambulance will talk to patient records will talk to doctors about saving lives. it's going to be amazing. and exciting. and maybe, most remarkably, not that far away. the next big thing? we're going to wake the world up. ♪ and watch, with eyes wide, as it gets to work. ♪ cisco. tomorrow starts here. by the armful? by the barrelful? the carful? how about...by the bowlful? campbell's soups give you nutrition, energy, and can help you keep a healthy weight. campbell's. it's amazing what soup can do. >>> it was a wild ride to election day 2012. jim acosta has the top ten campaign stories of the year. >> reporter: the year started off with a surprise i
.com/pricerewind. >>> as if the looming fiscal cliff wasn't enough to worry about, now 14,000 dockworkers at ports from massachusetts to texas are threatening to go on strike sunday. that could cost americans billions of dollars, because shipping costs on everything from shoes to cars would skyrocket. cnn's brian todd is at the port of baltimore. >> reporter: victor, this is a crucial port for commerce in this region. this is the seager terminal in baltimore. you see a containership to my right, the terminal on my left. over my left shoulder, 600,000 containers move through the port of baltimore every year, billions of dollars' worth of goods but that could all come to a grinding halt if the dockworkers and the shipping companies can't reach a deal. they moved everything from our cloths to toys and electronics through the ports and into the marketplace but a lot of the goods won't be making it to our stores if longshoreman from maine to texas go on strike. that's what could happen by sunday if a deal can't be reached between the major shipping companies and a union representing nearly 15,000 longshoremen. >> the imp
washington should not pull out the rug from under this rebound. ship wreck, massive port strike that could happen this weekend halts commerce for the country. top of the hour, stocks now and every 15 minutes, lauren at the new york stock exchange. stocks down, but it could be worse, lauren. >> it could be worse. at one point, after 109 points, and now down 59 on the second to last trading day of the year. the nasdaq, believe it or not, is the winner today, down by just about .16%, doing the best of the three major averages. i point that out because for the month of december, the nasdaq is the only major average negative. it's interesting to know we started the year with nasdaq at 26.0 # 5, and now at 29.81, we came a long way. a good year for tech. the vix up above 20. fear of the fiscal cliff and traders saying, all right, we have this idea of a deal getting done baked into the markets, but maybe that's going to unravel a little bit. barnes and noble share, stock up more than 6 #% as i speak. the news is both good and bad. bad news first. they say the holiday period and sales trends will
coast have been extended for 30 days. thousands of workers at the port of baltimore and 14 other ports from boston to houston were ready to go on strike sunday. those ports move about 40% of the nation's container cargo traffic. we enjoyed sunshine across the region, but the big story is tomorrow's potential snow. steve rudin is here to talk about that. >> we are watching the maps right now. right now it appears we will see a little bit of snow here in the d.c. area, but not a ton. take a look at the travel forecast. no problems for indianapolis, detroit, new york city and boston. you will find absolutely beautiful conditions as you head to the center of the country. we are watching a storm system to the lower left-hand corner of the screen. this is what is on its way tomorrow. it will start off as a bit of a wintry mix changing over to right now it appears mainly rain. already we do have a winter weather advisory set to go into effect late tonight into the day tomorrow. north and west of d.c., including frederick maryland, and the panhandle of west virginia. what to expect and when co
billion worth of damage to rail subway and port infrastructure in their state. they testified on surface transportation yesterday. >> i call this hearing to order. thank you for joining us, mr. secretary. i asked you to testify today because i'm deeply concerned about the recent report that the f.h.a. could potentially need taxpayer support for the first time in its 78-year history. i would like you to help the committee gain insight into the fiscal challenges at the f.h.a. and what h.u.d. has done and can do to mitigate losses and address the shortfall in the capital reserve ratio. f.h.a. has been helping save lives of the mortgage market by ensuring that qualified lower to moderate income and first time home buyers have access to credit since 1934. since the beginning of the financial crisis, the f.h.a. has increased its market share from below 5% in 2006 to about 30% at its peak volume in 2009, in pursuant of that mission. this cyclical expansion was essential to the mortgage market, especially for first time home buyers who have comprised 78% of single family loans insured by f.h.a.
port complex. workers are expected to return to work this morning. clerks at the ports of los angeles and long beach, california had been on strike for eight days. the deal was reached hours after federal mediators entered the talk. the port handles a billion dollars worth of cargo a day. >> the flu season has gotten off to an early jump. and in one county in tennessee, closing classes for the rest of the week. this year's strain of the virus is more severe. >> reporter: if you haven't had your flu shot yet, now is the time. health officials say this is the earliest start of the flu season in nearly a decade. centers for disease control says alabama, louisiana, mississippi, tennessee and texas are all reporting higher than normal cases. >> we usually see flu begin to have an uptick in about four to six weeks from now. so seeing it this early could will predict not only a longer but a more severe flu season. >> federal health officials say the most common strain this year tends to make people sicker than usual but they are encouraged because this year's vaccine seems to protect against
from ports from boston to houston. coming up. plus the fbi has again released its file on marilyn monroe. this time minus all of the redactions. what the documents say about her and her suspected ties to communism ahead. and word that president george h.w. bush is improving and even singing in the hospital. that's coming up as we approach the bottom of the hour and the top of the news. [ cellphone chirping ] [ buzzing ] bye dad. drive safe. k. love you. [ chirping, buzzing continues ] [ horn honks ] [ buzzing continues ] [ male announcer ] the sprint drive first app. blocks and replies to texts while you drive. we can live without the &. visit sprint.com/drive. [ male announcer ] it started long ago. the joy of giving something everything you've got. it takes passion. and it's not letting up anytime soon. at unitedhealthcare insurance company, we understand that commitment. and always have. so does aarp, an organization serving the needs of americans 50 and over for generations. so it's no surprise millions have chosen an aarp medicare supplement insurance plan, insured by unitedh
, a strike that could have shut down ports up and down the east coast is averted for now. the long shoreman's union along the east coast and gulf of mexico will extend the current contract for 30 days. that extension prevents a possible strike that could have crippled operations at port and including the port of baltimore. in a statement today, the maryland governor martin o'malley wrote, quote, the port of baltimore continues to be a major part of the state economic strait generating and supporting thousands of jobs. during the extended period, we hope long-term resolutions can be reached for the hardworking families who depend on jobs and commerce linked to the port of baltimore. >>> to the state of the skins. it's the hottest ticket in town. the redskins play host sunday night as the two teams battle it out for the nfc east title and a place in the play-offs. our coverage begins at 5 with fox 5s lindsay murphy and more on the big showdown. hi, lindsay. >> reporter: to put this in perspective, fed ex field opened in 1997, and sunday's game is being called the biggest game in the 15-year h
of the reasons they have been so locked up with they are thinking they want to keep their port. the russians are not the only one involved. lots of people sending weapons into syria. you have a war going on with the wrong, on the other side, you have weapons coming from saudi arabia and qatar in turkey and that is what is supplying the rebels in the civil war that is continuing to rage on. both of those don't really have a lot to gain. they have a lot to lose. their side loses, they will lose a lot. as long as the syrians are willing to keep killing each other in this process, so far the syrian civil war has now claimed 44,000 lives. many people believe there really no matter how this breaks down over the next couple of months, even if bashar al-assad does leave his power, this war could still rage on for a very long time to come. the 44,000 number could just be the beginning. a lot of people are saying that we could double that number if the violence continues over the next year. as it continues to creep closer and closer to the major cities inside syria, like what we are seeing right now.
-out could affect ports from boston to houston. >>> for the second time this month a man has been pushed to his death in the path of a new york subway train. >> crazy people running the streets. >>> an uninvited guests slithered into a backyard in florida. >> somebody else got the shower on the sideline. >> jamal crawford who i think should be an all-star coming off the bench is dangerous. be still. >> and all that matters. >> hillary clinton plans to go back to work just in time for the new year. >> two reather than get angry and you show it you live a lot longer. >> he gives a speech about hitting the debt ceiling! i'd like to see if he could even count to 1 million much less 16.4 trillion! captioning funded by cbs >> it's friday welcome to "cbs this morning," everyone. i'm jeff glor with rebecca jar sis. charlie, gayle and norah are off. there are predictions but little progress in washington with a deadline for the fiscal cliff now just four days away. >> president obama meets later today with congressional leaders in one last effort to make a deal before the dead
to toys and electronics through the ports and into the marketplace but a lot of the goods won't be making it to our stores in longshoreman at more than a dozen ports from main to texas go on strike. that's what could happen by sunday if a deal can't be reached between the major shipping companies and a union representing nearly 15,000 longshoremen. >> the impact would be great. obviously on the dollar value side. on the cargo handling side but also on the job side because again these sports are major economic generators. >> richard of the maryland port administrator and others say the economic damage from a strike would reach well beyond the docks. >> your mom and pop retailer to your farmer to the trucking company that has to pick up the container atmosphere the port. so not just at the port but nationwide for everybody else that relays on the ports to move their commerce. >> coming at the same time as the fiscal cliff impasse it's a potentially devastating one-two punch for the economy. neither the longshoreman's union or alliance representing the shipping companies could give us anyone
. these are the workers who move goods from the nation's ports to the stores. >> everybody from your mom and pop retailer to your farmer, to the trucking company who has go in and pick up the containers at the ports. this will be felt not just at the local economy, but nationwide for everybody else who relies on these ports. >> one port official says east and gulf coast ports handle about $55 billion worth of cargo a month so a strike could have a major effect on the retail business. >>> land lines not going the way of the vcr just yet. older americans are slow to get rid of land lines and go mobile. the centers for disease control asked 20,000 households about trends throughout the year. the study found about 52% use cell phones for all of their cal calls, that's less than 2% increase from previous years. the older generation is slower to make the switch. >>> patrick democracy might play a doctor on television but he's doing some economic cpr in real life. the ""grey's anatomy" start" trying to rescue a coffee shop chain in seattle. they're hoping to save about 500 jobs. democracy said he within as to g
. not as much as massive port strike would if no deal is made before this saturday. some are calling it the port's cliff. that's not the only outrage coming from the unions this week. we are going to discuss that next. free market capitalism, best path to prosperity. this is something they learned the hard day the american people are tired of the status quo. >> who are you going to vote for? >> definitely not this guy. >> you know your money got him elected last time. >> i didn't give that guy a dime. >> yeah, you did. our union gave him a big chunk of your dues money. hmm, it says here that cheerios helps lower cholesterol as part of a heart healthy diet. that's true. ...but you still have to go to the gym. ♪ the one and only, cheerios mine was earned off vietnam in 1968. over the south pacific in 1943. i got mine in iraq, 2003. usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection, and because usaa's commitment to serve the military, veterans and their families is without equal. begin your legacy, get an auto insurance quote.
's busiest airports to key shipping ports. big labor is flexing its big muscles after the election and gary b, you say it's a big problem for us, the consumers, how so? >> absolutely, brenda, look, everyone should realize what unions are, unions are a little monopoly in the company and exercising the the monopoly powers, raise the rates and this days the wages for their employees through an unsustainable level. so what the employees have to do is pass those costs on to the consumer. you know, you just have to ask, brenda, where have unions made an industry more competitive? i can think of examples where they haven't, airlines, steel, auto, across the board, governments they put out of business, if even can argue they've made it more competitive. i'd stand upor unions and i can't find an example. >> prices have ge up in all of those industries and you say, fast foods, too cheap? >> yeah, i mean, i'll tell you what, i don't actually believe that we'll see unions at the fast food restaurants, but i actually wish we would. because, the fact is you could make these jobs more attractive to 12 milli
blow sometime soon not from the fiscal cliff, but from a union strike that could shut down major ports from coast to coast. should the white house step in? we're going to be talking smoot holly in a second. heather: former president george h.w. bush has been hospitalized for more than a month. what doctors are now saying about the former president's health. gregg: and from twilight twists to secret e-mails to the cia, a look back at the biggest scandals, scandals of 2012. oh, yeah, that was a scandal. heather: that's a big one. ash cd from capital one, sven gets great rewards for his small business! how does this thing work? oh, i like it! [ garth ] sven's small business earns 2% cash back on every purche, everday! woo-hoo!!! so that's ten security gators, right? put them on my spark card! why settle for less? testing hot tar... great sinesses deserve great rewards! [ male announcer ] the spark business card from capital one. choose unlimited rewards with 2% cash back or double miles on every purchase, every day! what's in your wallet? here's your invoice. heather: welcome back. an upd
load or unload cargo at any of the ports, l.a. or long beach. adam houseley's there live. what's the latest there, any movement in. >> reporter: not much movement at all. a few ships are getting through. the quote given to me this morning was they're trickling in. i'll step away, you can see to the port complex. l.a./long beach, the twin bolters. 40% of all cargo traffic in the country comes through here, the largest port complex in the country. you put the two together, you separate 'em out, and they're one and two. cargo ships just sitting there waiting to be unloaded. we know of at least 11 ships that have gone to other ports because this port has been shut down for a week. as far away as panama. nothing's getting through here, as i mentioned, one port employee said stuff is just trickling through. bill: what are the two sides saying, adam? what are you hearing? >> reporter: well, both sides, of course, blame the other side. the clerical workers are the ones that have gone on strike here. there's about 800 of them. they say that when they retire, those jobs are being moved o
this on their own without some help. the only port they have, they have one port, which is sanctioned in terms of the sea travel in and out of the port and any part for the missiles would have come through china which is north korea's only friend and, then, the voice of america reported this week that an iranian team had been seen in north korea in recent days and there is some presumption that, in fact, iranians may have helped them. this is the first successful long-range rocket this year. earlier in april it was not successful. certainly, all eyes are on iran in weres of the role it my have played. >>shepard: thank you. we have used a carrot and stick approach with north korea over the years. it doesn't really seem to have made were of a difference. we will look at the diplomatic efforts with the former away bill richardson who has lots of experience dealing with north korea. and 100 countries throwing their support behind the syrian rebels . so, this board gives me rates for progressive direct and other car insurance companies? yes. but you're progressive, and they're them. yes. but they'r
deal stopped a pending shutdown of major u.s. ports that could have cost the economy billions. dock workers threatened a strike to freeze operations on the east coast and gulf of mexico but a contract extension gives them another 30 days to resolve their labor dispute with port owners and shippers. phil keating is live in south florida. there were key sticking points. which side budged? >> good afternoon, trace. we still don't know which side did in fact budge, whether it was the longshoremen or the shipping company owners or it could have been both sides coming together and reaching a negotiated deal. hard to imagine with what we see in washington, d.c. but neither side is talking. the key points had been over container royalties. you see the heavier each container is, the more money each long shore had man gets paid to take it off and put it on the truck. the owners of the companies wanted to cap the fees, the royalties, at last year's levels while the 15,000 strong longshoremen did not. neither side's talking but both sides say a deal on that -- an agreement has been reached. a q
. the nation's busiest port complex is back in business after an eight-day strike halted operations. the ports of los angeles and long beach, california reopened today after port operators and the worker's union reached an agreement late tuesday. the union said it won new protections against job outsourcing. port officials said during the walkout, they were unable to move some $760 million worth of cargo a day. wall street had a day of ups and downs and investors watched economic reports and weighed chances for a fiscal cliff deal in washington. the dow jones industrial average gained more than 82 points to close at 13,034. but the nasdaq fell nearly 23 points to close at 2,973. the day's big loser was apple, down more than 6% over concerns that smart phone sales are lagging. former texas congressman jack brooks has died. he served 42 years in the house, and was in the dallas motorcade on november 63nd19, hen19 president kennedy was assassited. hours lates bokrowadonan hok as vice president andel fw texan lyndon johnson was sworn in to the presidency. later, brooks helped author the 1964 civi
's why. the ports will be open tomorrow. late last night, l.a.'s mayor announced an agreement has been reached to end the strike that crippled the nation's largest port complex just hours after federal mediators have arrived. >>> netflix soared 14% after inking a blockbuster deal for exclusive streaming rights to walt disney movies. >>> big lots shares shot up, but the sec is investigating the chief executive over a $10 million sale he made just over a month before the company's stock tanked earlier this year. the story was first reported in the "wall street journal." meanwhile darden is blaming a lackluster quarter on poor promotions and backlash over its stance against obamacare. the federal administration aviation is requiring boeing 787 have their fuel line connectors inspected over possible fuel leaks or fire. >>> john mcafee has turned up in guatemala city seeking political asylum. he's wanted as a person of interest about the murder of a fellow american. back on the street, keep an eye on pandora. it plunged 23% after the bell. and does it sometimes feel like you spend your whol
that would have affected the port of baltimore is on hold now. more than 14,000 longshoremen threatened to strike. the strike would have crippled operations at the port. one week from tomorrow, crossed the island will officially retire -- carl snowden will officially retire. he has a court date for violating his probation on a drum driving case. >> there was a shooting in north baltimore. this happened on sunday afternoon. abbas is found and until now suffering a gunshot wound to his back. a suspect shot and wounded his own sister. he was fighting with his family in edgewood late saturday night. police say he pulled out a gun and shot through the front door. the round hit his sister. >> 29 degrees at the airport. 5:37. >> you might want to see food for a couple of days. >> like volume on the roads -- >> like volume on the roads -- light welcome back to 11 news today. 5:40. clouds are starting to build in. we have so much less wind today. from central's into southern maryland. a little warm in ocean city with partly cloudy skies. clouds will be building in from the north and west. there
a billion dollars a day to the local economy. the two ports l.a. and long beach support 1.2 million southern california jobs. and they are the main gateway in the trade with asia in the weeks before christmas. they handle 47% of the container exports. >> reporter: if you split the ports apart. the la-long beach ports, they would be 1 and 2. together they are the largest. this has been going on for one week. 800 clerical workers walked on the line. 10,000 longshoremen won't cross that line. this port is 90% shut down. if you look behind me in the haze and fog you will see some container ships in port. just after shore you will see one of the many, up to 20 we are told that are just sitting out there. some of them have produce that could be spoiling as we speak. that can't get in here and it can't go out. so exports haved as well. you will see trucks lined up. the mayor says both sides have agreed to a federal mediator. he spoke to the media in the last hour. take a listen. >> we met all night. we have worked across the table with a number of proposals. it is still clear to me that we are some
not be so significant is the fact they're making it is significant. russia has a very critical port along the syrian course along the mediterranean the port of tartuse. russia is trying very hard to keep tear influence inside syria and may be trying to play both sides of the coin here. they want to keep assad so they have influence with him and to hedge their bet to gain as much influence with the syrian rebels so if the rebels win they get to keep the port which is their only naval port outside the russian federation. going forward this turned into a little bit of a proxy war. a number about weapons the rebels are getting especially coming from outside powers. obviously president assad has been resupplied by iran and russia. rebels being supplied by saudi arabia, qatar and also turkey so that both side here have little interest in a peace deal. more interestingly both sides, the saudis and the iranians, have an interest in trying to see this go on as long as possible and an interest seeing their side win inside syria. they're willing, more than happy in fact, to supply money and weapons
on sunday between labor union shipping at ports from boston to houston, could be halted. insiders say a deal looks like a long shot. right now over 14,000 workers are threatening to strike at 14 major ports. you see them go all along the south and east coast. not only will a strike cause billions of dollars a day, it will force shipping costs to rise. things will be delayed coming in. right now the union is fighting for workers to be paid per shipping container, which comes out to a salary of $124,000 per year for each worker. >>> mother nature adding insult to injury to people still trying to recover from super storm sandy. many in sea bright, new jersey, was devastated down there, say this week's nor'easter was like being kicked while down. one homeowner picked what she could salvage from sandy in a container. she sadly discovered it flooded. >> i don't know what to do about that. i'll have to -- first of all, get it out and get it someplace and dry it out. >> juliet: i drove down there three weeks ago, i could not believe what i saw. about 150 out of the 300 people who live there stayed.
strike in the nation's port on the east and southern coast, the first since '77 that could cost retailers and importers billions. businesses now asking its white house to get involved. >>> you can now get the nokia lumia for free, depending on the service provider contract you sign s that standard practice or a sign the company's flagship phone suspect selling well? >>> we will start off with news about the fiscal cliff. congress returning to capitol hill today to try to get a deal done on the cliff before the deadline on december 31st. senate majority leader harry reid is working to see if the scaled backpackage the president laid out last week can get through congress before monday. meantime, treasury secretary timothy geithner says the government will hit the debt ceiling on monday and he is launching an emergency plan to avert a crisis. amm eamon javers is live. what do we know? >> the president is coming back early, a couple days earlier than his vacation. did a little bit of jogging, working out in the gym over his vacation. now he will be,ing would out on this fiscal cliff. the sen
in an effort to avoid these deadly collisions. the changes involve shipping lanes at the port of laws and laws of long beach, as well as the approach to san francisco bay. >> earth view of san francisco looking across the city. currently in the cargo ship that enters or x's san francisco bay has use of these free shipping lanes, seen here in red. but under the newly approved plan, these late will be reconfigured. the new routes will no longer--will be long or an hour. the idea is to restrictions to a smaller area when they passed through no will feeding grounds. >> the new shipping lines go into effect in 2013. >> and san francisco charles clifford kron 4 news. >> residents in antioch have band together to raise money to rebuild a parked ruin by arsonist. >> this is what the antioch parked toddler what looks like after arsonists set fire to back in september. >> of the past three months, the group take back in antioch help raise $25,000. >> if the community has produced a 500 assemblyman jim frazier donated 2000 and pg&e and the remaining $14,500 to to start repairs. >> will result in to break
who keep all the cargo working in those busy sea ports are threatening to go on strike. a walkout could close ports from houston to boston. it would cripple shipping operations, and of course, impact the economy as early as next week. the union has been work without a contract since september and as many as 14,000 workers could hit the picket line starting this sunday. >>> big retailers have agreed to recall baby recliners which have a deadly defect. 150,000 nap nanny infant recliners are being blamed for at least five deaths and dozens of reports of babies falling, as well. the recliners have been on sale for about four years, and retailers agreed to this recall after the manufacturer went out of business. parents should return it for a refund. >>> a florida dad is angry after the christmas present he bought at a pawnshop for his teenage daughter had some x-rated extras. turns out the tablet george sanchez purchased was loaded with hard core porn. computer experted tried to delete them but unable to restore them to factory settings. the pawnshop says it was sold as is and no retu
. more than 10,000 employees at the ports of los angeles and long beach are refusing to return to work. a similar situation back in 2002 cost the city an estimated one billion dollars a day and took supply chain more than six months to recover, affecting nearly everybody. there is concern this strike may have even greater impact considering the fragile state of the economy in our country. adam housley is live at the port in long beach. adam, what is the latest there? >> reporter: jenna both sides are actually meeting at the table right now as we speak, the mayor of los angeles, other political forces are here as well trying to push both sides forward to find a settlement if at all possible. 800 workers, clerical workers walked off the job here. because of that 10,000 longshoremen won't cross. we talked to both sides. clerical workers say they're upset for a number of reasons. their main contention once they retire their shock jobs are shipped overseas. they don't want the jobs outsourced. they walked out on the lines here. >> we are making progress but i will tell you we are committed
:49. there's been another shakeup at the port of oakland, into questionable spending of money. james caan is now stepping down. the audit says some of the port's credit cardholders skirted spending limits on single transactions. it also says more than $67,000 in extravagant gifts may violent state and federal laws and that some expenses expose the port to tax liabilities. >>> it is something that we take seriously and are not gonna close our eyes, too. we're gonna look at it. make sure that mistakes of the past are not repeated. >> he's the second executive to step down. omar benjamin abruptly retired last month. the port says the two racked up more than $5,000 in charges at two strip luns. the money has since been -- clubs. the money has since been repaid. >>> more than 40,000 people visit it every day. how a redesign will make a popular part of fisherman's wharf even better. >>> our time is now 7:53. four nfl players will find out today if their suspensions for a bounty investigation of the new orleans saints will be upheld, reduced or thrown out. former commissioner paul tagliabue will
out extension. it could of idolled ports that that handles 40% of the cargo. the federal mediator today said he is cautiously optimistic that an agreement could be reached in the next month. >>> preparations for the rose parade. plus, the silver lining in all of the storm clouds. >>> part of northern california where white means green. coloring up a booming business. >>> the rain showers will be on the increase this evening. an updated look at live storm tracker 2. the one part of your weekend that will be dry. and when a high surf advisory kicks in across the bay area >>> time to check in with mark. >> the storm tracker, nothing extreme just yet. a weak system. a few showers, right now, you can not see, the coverage, i will mention if you see the green not everybody picking it up. not all of it reaching the ground just yet. here it is. sweeping. the bulk of the action is to the south and to the west. we will see the activity moving across the bay. across the bridge. nothing major here. just in the form of a few sprinkles across the bay bridge and up in the north bay, once again,
as people stocked up for gardening project. there is a possible strike at more than 12 ports along the eastern gulf coast. 50,000 workers could walk off the job with a deal is not reached before sunday. this could mean shipments would be cut off. they have a lot at stake -- many clothing chains get shipments from factories overseas. the movie industry is wrapping up -- one researcher says sales at u.s. and canadian theatres grew 6% this year, to almost $11 billion. studios have been focusing on films with more global appeal like "the hobbit" and investing in better projection and seating. people under water on their mortgages would be more willing to take a pay cat -- cut. directv customers will pay more for service next year -- i will explain. linda bell, reporting for abc 7 news. >> we will check back in soon. still to come -- the redskins players are not the only ones preparing for the big game . >> i am from fairfax virginia -- i wanted to say good morning washington and good luck redskins. >> a popular sentiment these days. we are a couple of days away and the biggest game of
this month. the 15 ports involved in the dispute move more than 100 million tons of goods each year. the economy could lose billions of dollars if they're shut down for even a few days. >>> how about good news on a friday, right? for dog owners in montgomery county, you no longer need to pay a fee to use the dog parks soon. it will stop collecting a $40 a year permit fee next year. the fee was first imposed two years ago to make up for budget cuts. but it appears to have driven people away from the parks. the county says it will now look for new ways to come up with that money. >>> 4:48 right now. our area is getting ready for another round of nasty winter weather. some places are still cleaning up from earlier storms. this is tacoma park. this left 1700 pepco customers without power. the electricity has since been restored. in silver spring, the wind is to blame for this. a tree smashed into a home. luckily, no one was hurt. but the house is not in livable condition. fallen trees were a problem in northern virginia. this was the scene on georgetown pike. a tree blocked traffic for
of a diversified port feel yportfolio. the wil willy mays and micky mas they don't drop and they are higher in spice. steiners is a sports collectible company. he built the company. >> you are in the business ofse. how much does dirt sell for. >> dirt can sell from t. we have football stadiums and i'm a big fantastic of it. steiner has sold over 25 million of game used dirt and his goal is to sell 100 million. investors home to see their collectibles rise in value because forgery is the industries dirty business. with all of the money printing in washington and inflation creeping up. some say it's smart to holding collectibles to your lineup to stay in the game. >> we need to gis distinguishbed investments. and some of these can be rewarding particularly if we see higher inflation in the years to come. >> you can easily unload yourb u can for a stock or bond. there will be a healthy demand for the yankee slugger that built the house but now houses the dirt. babe ruth went for record prices. >> he is the face of baseballanp in time. >> not to mention a good facef . john stocks would
, however, has been averted on the east coast and gulf coast. a massive looming port strike will not happen, at least for now. going live to miami ahead in a few minutes for up to the minute details on that and why it's not -ealing a blow to the u.s. economy. first, stocks, as we do every 15 minutes, going to the floor. new york stock exchange. lauren is there watching it. any indication from the investors and traders about a deal? are they telling you if they have an inside scoop? >> they do not have an inside scoop, but there's con play sen sigh, and stocks stuck in the range, down half a percent for the broader market, down for five days in a row waiting, two hours from now, to hear somebody in washington say something about fiscal cliff, and then we'll move on that news, but traders are saying if we get a deal done, we'll see the market take off. we have not seen a santa claus rally this december, unfortunately, and, in fact, the nasdaq lower. stocks lower, by the way. here's the new york stock exchange, three stocks trading down for every one trading up. another thing trading up a the
the teaching community and how they have been affected by the tragedy wrote this emotional piece. it is port but poignant. she folk -- talks how the teachers now have new eyes and lock at each other differently and are experiencing their profession much differently as are so many americans today on the day victoria soto, among others, are being laid to rest, six in total. >>shepard: the president today says he wants new proposals on limiting gun violence no later than next month. the president says our gun laws are not the only problem. >> three state department officials are reportedly looking for new work today. it is over fallout from the benghazi attack. the report out today slammed the state department for poor security and leadership failures. we will have the details for you. the feds are hunting if these two convicted robbers who escaped from a high-rise chicago jail using bed sheets. that is all ahead unless breaking news changes everything. >> first from fox at 3:00 in new york city, it won't be easy but that is not an excuse not to try. the president announce add new effort to lim
get port wine from. >> we love port wine. >> come on. >> now what do we do? >> sara, have one of these. >> bring the potatoes already sliced. have one more scallop. >> was a please implied? >> you just keep layering potatoes like so to cover and then you put the onions down. >> once again, please was implied. >> yes. please, hoda. >> thank you. >> you're doing a fabulous job. >> thank you. >> okay. then you keep layering it and layering it and layering it. where does the cod go? >> the cod is going to go in next? you're going to do this here. >> i have to do everything. >> you didn't get all your onions in there? >> it's a layer. >> it's not equal though, hoda. >> it's a team effort here. let's go. come on, guys. >> i was just going to say -- >> we don't have much time here. >> you put more of that on top. >> more cod. then more potatoes. >> yes, yes. keep going with the cod. >> let's taste it. >> portuguese people survived on cod. we need to use a lot of this here. >> i want to give everybody a little slice. >> is that like a national dish? >> olives. and some eggy? >> then you baky?
's transit and port authority. >> good morning, welcome everyone to today's hearing, the challenges our region's public transit and housing base as a result superstorm sandy has been addressed -- tough morning. we started with a hearing on the loss of our ambassador from libya. those challenges, just had opening ceremony for senator o inouye line in state and now the devastation the northeast region -- has been a tough day but we appreciate our witnesses being here to shed some light and hopefully some commitment by our colleagues to meeting our challenges. as you all know sandy's destructive force overwhelmed the region particularly in new jersey and new york and the result is massive unprecedented damage, unprecedented but this was our second hurricane in two years and we expect extreme weather like this to become more common for our region. because we need to prepare for the next storm is not enough to spend our time today simply discussing how we restore our housing and transit infrastructure to their vulnerable free storm condition. in my view now is the time to determine what a
. a deal has been struck to end an eight-day strike in the port system, the largest in the nation. the port of los angeles and long beach, california. the strike was costing the economy an estimated $1 billion per day because it prevented shippers from delivering cargo to stores and other businesses. 40% of all goods shipped into the country come through those ports. union workers there were protesting the outsourcing of jobs. there's no word, yet, on the terms of the deal struck. >>> and speaking of the economy, there's important news for anyone who owns a home or is looking to buy. prices, skyrocketing to levels we have not seen in years. and "weekend gma" anchor bianna golodryga is here with the latest. good morning, bianna. >> reporter: good morning to you, josh. important news and good news. everyone's been waiting for the housing market to take off since the collapse in 2008. now, we're learning that home prices jumped 6.3% in october, compared to the same time last year. that's the biggest year-to-year gain since 2006. now, prices rose in 45 states, led by a 21% jump in arizona and a
,s that actually have a much happier ending. there is a deal to end the eight-day los angeles port strike. striking harbor clerks reached a tentative settlement with management with the ports of los angeles in long beach last night. that strike idled most of america's strongest cargo complex. i think the strike originally started on november 27th. if you think it's not a big deal, there's a billion dollars in goods that goes through this port every single day. it's the largest port in the united states and it was affecting not only that port and all of the ships that had been sitting out waiting to get in with those goods. also truckers who come in and bring those good across america. they had been idled, too. it looks like the port is going to be open once again today. >>> also today is expected to be a big day of protests in egypt. this is video that you're looking at right now from cairo's tahrir square earlier this morning. things were quiet when this video was taken, but expected to be much different later on. television stations across the country planned to go dark today, joining a growing l
. few look on a map, the red sea leads to israel's southern port of ilat. from ilat israel can reach the ports of asia and africa. and once you close -- sealed off the straits, they're about a mile and a half wide, israel was effectively block kaeuded from the sea. that was an act of war under international law. it's a reason for going to war. nasser did not want the u.n. forces to be moved because he knew once they were removed, he as an egyptian would not be able to sit there and watch israeli boats pass by. he would have to blockade the straits again and that could cause a war. he sent instructions to his officers who were to meet with the heads of unef telling them we want to you move back from the border but stay in sharmelshef and stay in gaza. amir changed the orders. he wanted to regain glory he lost in the 1956 war. he changed the orders. we know this for fact. we have the protocol from the meeting. egyptians who came to the u.n. forces in sinai said we need you to turn out entirely. at the same time, amir sent egyptian paratroopers to occupy the region. once he did that --
, it has an impact anyone who rides the rails for uses projects come from our port. i'm going to be working with this committee to rebuild transportation infrastructure to make it stronger and more resilient. in at least two cases, damaged the superfund sites. the potential releases of toxic pollution into the environment. they cannot do a thorough investigation of the storms in fact on sites throughout the region. today i'm introducing a superfund emergency response act which requires epa to perform an assessment of superfund site following any natural disaster and allows congress to appropriate emergency funding to remediate any damage. the bill will require epa to better protect on-site that are vulnerable to disaster. we've got to remember the super storm sandy in this changing climate are reluctant to your, to look at the changes in global temperature is very difficult to understand. the intensity, chairman more and more common by the opportunity in this community to make sure the northeast recovers every build just that way. all of them have taken an interest here, glad to share what
shopping season a strike for 8 days at the nation's busiest port. clerical and dock workers back on the job today after los angeles and long beach. together they handle half of all of the cargo that arrives in the u.s. by sea. total of a billion dollars a day on the ship not delivered to the warehouse. this strike wasn't about salaries or benefits. clerks make nearly 90,000 a year. it was about the belief that the terminal operators wanted to out source future clerical jobs. >> cost the u.s. economy 1 billion a day. >> 8 billion in total. >> good news for the housing industry. >> definitely another sol rid report. home prices rose 6.3 percent in october. that was the biggest increase in more than 6 years. the reason is fewer homes are up for sale. the national association of realtors says supply was down by 22 percent from a year ago. >>> the trend is our friend. something else that is our friend. holiday office parties are back. >> they are back in a big way. lots of companies got rid of holiday parties. 91 percent are planning holiday parties this year. that comes from the executive searc
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